Equities records marginal loss of N10bn

By Gbenga Olasunkanmi

 

THE equities market experienced a slight adjustment with a marginal loss to improve the market’s outlook today.
At the end of the trading, the market barometers, NSE All Share Index and Market Capitalization sheds 26.25 basis points and N10 billion respectively, translating to 0.08 percent.
However, the year till date return dropped to 29.66 percent, as market capitalization closed at N12.012 trillion. The market breadth ratio stood at 0.58 with 14 gainers to 24 losers.
Market activities inclined today as volume traded closed upbeat by 7.32 percent at 175 million from previous trading session of 163 million. Value advanced by 84.01 percent from 1.54 billion of previous levels to close at 2.83 billion.
Guaranty Trust Bank Plc, FBN Holdings Plc, AXAMansard Insurance Plc and Zenith Bank Plc topped the activities chart in terms of volume while Guaranty Trust Bank Plc, Zenith Bank Plc, Nigerian Breweries Plc, Nestle Nigeria Plc and Stanbic IBTC Holdings Plc topped the value’s chart to contribute majorly to today’s market worth.
The NSE ASI with all other sector indices swayed down into red zone save for NSE Banking Index & NSE Insurance Index as Guaranty Trust Bank Plc and Stanbic IBTC Holding Plc closed upbeat and bargain hunting favours Linkage Assurance Plc +5.00 percent and AXAMansard Plc +4.74 percent. NSE Oil & Gas Index topped the sectoral losers chart as Oando Plc and SeplatPetroleum Development Plc fell under waters by 1.74 percent and 1.48 percent respectively.
At the end of today’s trading session, FBN Holdings Plc topped the losers chart with 4.99 percent while Linkage Assurance Plc topped the gainers chart with 5.00 percent.